where they're at, that's not a safe place to be. so, you know, i feel maybe short-duration bonds, if you're really afraid of, you know, as the surrogate to cash. but we would be overweighting equities right now rather than being in bonds. i think bonds, there's only one place to go, hopefully, here, because as the economy improves, you know, yields -- rates have to go up. >> rates have to go up, but are there groups that are going to benefit from rates going up in the equities market? or, as rates go up, does that scare off equity investors? >> well, i think -- i think initially we'll go through the sideways market where investors will be scared. but, as i said, when the 10-year bond, looking back over many cycles, if you go back even 50, 60 years, when the 10-year bond was 4% to 6%, p/es were 20, which means it's a much more growth environment.